Open Forum February 19, 2010

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864 Responses to Open Forum February 19, 2010

  1. tal

    Gee thanks BirdLab,have you ordered that lip balm yet?

  2. BirdLab

    Yes Tal. Whoever would have thought there was such extensive marketing potential for niche vaginal products?

    I think Joe should definitely check out the investment opportunities here. This could really take off.

  3. JC

    The only take off I’m focused on is the dreamliner, birdlab.

  4. tal

    Did you stay up all night looking for those sites? :)

  5. Other good advice. Ignore Ron Paul.
    .
    Who do you replace him with? Peter Bagge said it in his cartoon coverage: right message, wrong messenger. It’d be very tricky selling a libertarian message to the GOP considering all the flag-waving Bible thumpers. But there must be people who vote Democrat who realize that they’re useless. And there are, so I’m told, reasonable flag-waving Bible thumpers.

  6. BirdLab

    Not me Tal. I also hang out with a bunch of degenerates over here:

    http://theworstofperth.com

    I cross-posted your original link, and nature simply took its course.

  7. tal

    Would’nt your time be better spent behind the sewing machine getting the Oscar frocks ready? :)

  8. C.L.

    Oh, here we go. Mick Molloy and Eddie Maguire to be investigated by the “Anti-discrimination board” for their mild mockery of teh gayness of male figure skaters.

  9. tal

    BirdLab my dear you have left yourself wide open for a Jabba Joke

  10. tal

    CL does this mean that male flight attendant jokes are off the grocery list?

  11. JC

    I love that British Independence Party. Those fuckers are so anti-EU I laugh loudly when I hear one them stick it in to those EU neo-totalitarians.

    It’s interesting watching the different behavior with the old British style in full flower when it comes to these dudes… never letting a good opportunity pass to hammer someone like the EU prez and the rest of the suck up gaggle of wretches.

  12. C.L.

    Centrebet: considerable cash coming in for Gillard to take over before election.

  13. JC

    For CL:

    Desperately searching for signs of intelligent life in the current VP’s office. Part 1.

    “It’s easy being vice president — you don’t have to do anything.”

    Joe Biden

    http://www.politico.com/click/stories/1002/biden_its_easy_being_vp.html

  14. jtfsoon

    It’s hilarious. Bob Ellis keeps digging himself deeper into that hole. Now he’s uttering Homerisms

    Bob Ellis :
    26 Feb 2010 10:31:57am
    You can’t be half Jewish, any more than you can be half Black …

  15. JC

    He was too busy. There was the financial crisis he had to deal with.

    What did Tanner say the other day?

    Oh yea, that’s right. They were too busy to worry a about “mere” details of dotting the i’s and crossing the t’s. That had far more important things to worry about… such as……

  16. jtfsoon

    Bird gets in on the act and Bob Ellis replies to him

    Graeme Bird :
    26 Feb 2010 9:51:44am
    Wow. Great piece Bob. All sorts of gear that people like me knew nothing about.

    Bi-sexuals everywhere. Who would have thought hey?

    Reply Alert moderator

    Bob Ellis :
    26 Feb 2010 12:14:29pm
    Kinsey for one, in 1952.

  17. C.L.

    Oh Lord. Jews, bisexuals, Bird, Ellis – it’s all happening!

  18. JC

    I left this over there. I want to see if he takes a nibble, which no doubt seeing he’s gone full Homer on us.

    Bob:

    What’s the problem with being 1/2 Jewish or 1/2 black?

    I am both.
    You’re saying there is a problem with that now.

    Don’t you think you’ve said enough for today, Bob?

    As a 1/2 Jewish, 1/2 African American man I take more than a little offense at what you’ve been saying today, Mr. Ellis.

    Is anyone editing you there?

  19. JC

    Someone left this comment there:

    Little things like facts don’t stop Mr Ellis’s rants.

    He’s gone full metal jacket retarded on us.

  20. C.L.

    Fraser’s bullshit, though, on the 1983 election was incredibly foolish. David Smith was there and he’s the fact-checker from hell.

  21. jtfsoon

    Another Bird comment

    Graeme Bird :
    26 Feb 2010 9:43:15am
    I would question that ability. “Socialism never works but sometimes it takes some time to fail”

    You see when public education is first brought in its probably a massive net benefit. But the corruption comes in slowly after the decades. So while I think I probably got a reasonable education in the public system, I’d doubt the ability of a kid nowadays to get anything comparable in most schools.

    That is one lively thread.

  22. ken n

    I have enjoyed Ellis’s writing over many years. Even the dopey stuff. But he does seem to have gone over the edge. This piece is truly awful.
    I can’t imagine ABC will continue to give him space.
    By the way, does anyone know the difference between The Drum and Unleashed?

  23. C.L.

    Fair point from Bird about state schools. Most of them were probably reasonably OK 30-40 years ago.

  24. jtfsoon

    Ken N

    The Drum is a rebranding of Unleashed.

    Bird is really the right winger’s Bob Ellis. The two of them should get together over some booze.

  25. JC

    Bird’s been letting go of his droppings over there too. That’s sure to make it even worse than it is.

  26. C.L.

    Ellis writes:

    “He overthrew his leaders Gorton and Billy Snedden and connived at the sacking of Whitlam, and so brought Australia to the brink of civil war. I was there in Parliament House that day, and saw crowds booing him and being filmed, and heard of the film’s destruction at his orders.”

    Civil war, eh?

    Norman Gunston at ‘The Dismissal’.

  27. jtfsoon

    actually Ken I thought it was a decent piece aside from the amusing/bizarre asides about bisexuality and Jewesses

  28. JC

    …anyone know the difference between The Drum and Unleashed?

    After what we’ve seen this week I think they’re psyche ward terms.

    Unleashed is when they let a loonie go and the drum is when they stick them in padded cells.

  29. ken n

    Are you sure Jason? They seem to be separate pages.
    I thought the Drum was ABC employees but it include Ellis and Hamilton. Perhaps the Drum is paid content?
    I see Hamilton5 is up. The Australian is the villain and Lambert one of the heroes. It’s interesting that H is getting down and dirty – up until now he has been above it all dispensing wisdom and goodness down to the rest of us.

  30. C.L.

    Come on, Jason. The RAAF was behind Whitlam and the army was behind Fraser, “Blood was not shed because Whitlam did not call in the Air Force…?

    What was he going to bomb, Nareen?

    Ellis has flipped his lid.

  31. JC

    I actually don’t mind Bob. He really doesn’t have any malicious about him and I’m therefore forced to invoke Homer’s Razor.

    He just sees what he wants to see.

  32. JC

    Yea, according to Chivies Hamilton, Lambert is science’s cataloger. A veritable historian…

    Someone pass the chips please. The drum gets more interesting by the day.

  33. dover_beach

    Bird is really the right winger’s Bob Ellis. The two of them should get together over some booze.

    Give them a a 10 min slot on the ABC and call it “Point/ Counterpoint”. It would be a lot of fun.

  34. ken n

    d_b If they do that I will emigrate. Dunno where to but somewhere…

  35. JC

    Yes Dover, but could it end in a scuffle and punches thrown? I’m sick of boring shows. I says whoever wins in a scuffle between Lardulous and Bob wins the argument.

  36. John H.

    “Point/ Counterpoint”

    Nah, “Punch/Counterpunch”

  37. dover_beach

    Yes, that is better, JohnH.

  38. ken n

    Jason/JC – I have read (and bought, even) pretty well every book Ellis has written. I used to read him in Honi Soit all those years ago. I don’t think I have agreed with him on anything but have enjoyed his political commentary – especially of election campaigns.
    Lately though he has become lazy in his writing. Cheap shots and repetitive and formulaic. I have a very low threshold of embarrassment (still can’t watch Mr Bean) and I find Ellis these days embarrassing. Sad.

  39. ken n

    JC What Wall St going to do tonight?
    I see that ASX is running a course in Melbourne “The Truth about the Sharemarket”. Unmissable.

  40. JC

    Ken

    It had better hold up tonight or it’s going to tank for a while. We’re that close to going over the edge. To be honest the only thing that seemed to have held it up overnight was Goldman’s came in late in the day and bought 1200 contracts of the S&P futures and gave people a little bit of confidence.

    Things don’t look good though. We’ve seen weekly payroll numbers head south and the consumer confidence numbers that came out looked bad again.

    The market seems on a knife edge trying to figure if we’re going to continue with better economic numbers of we’re dipping again. Take your pick :-)

    I tend to be in the camp that we could wee better numbers but I’m not in huge bets as I cleaned a lot of stuff out by 50% and looking to tread very quietly.

    I’m looking for two things that would hugely help the market. I’m looking for the ECB and the Japanese to do some serious quantitative easing and until we see that I’m a little worried. That’s where the real trouble is at the moment.

    So for tonight I’m picking very flat to down as I see no big upside.

    I’ve mostly got paired trades on where I am short one stock and long another as I don’t really trust the market… as I said.

  41. JC

    KenN

    thanks.

    It’s shit like that link you provided that scares the shit out of me about the US.

    this administration are possibly the worst since the war and everything they touch turns to shit.

  42. ken n

    Yes, JC feels wobbly to me.
    A shock from somewhere could topple a lot.

  43. dover_beach

    Sinc, check your mail for Wed evening.

  44. JC

    KenN

    The big firms have what’s called a risk appetite index that shows the world’s appetite for risk is high or low. It’s a logarithm of basically a large number of variable that make up risk and some of them not all are actually great in terms of offering a forecast at time where the market is heading.

    If you can’t get it, look at a coupke of things.

    Euro/ Yen cross is terrific as a liquidity market.

    Aussie is too.

    and you can also look at this page on fee bloomberg.

    http://www.bloomberg.com/apps/quote?ticker=BFCIUS%3AIND

  45. JC

    oops should read:

    terrific as a liquidity marker….

    and

    Free Bloomberg.

  46. JC

    Bob’s gone full scale Homer on us at the Drum/ ABC’s mental health unit.

    No, no, no, the tradition is you are a Jew if your mother is a Jew, on the sensible ground, in the years before DNA testing, you never know for sure who your father was but you do know for sure who your mother was. This is why my father was a Jew and I am not.

    And I left this reply.

    Great, Bob, Good work.

    Wonderful idea. Check out your DNA match mum and dad’s, suggests Bob.

    So now you’re suggesting women can’t be trusted. Perhaps as we go into the late afternoon and early evening you’ll be suggesting we take a Taliban approach to women and lock them up if the men folk go out to work.

    You’ve single handedly regressed race and gender equality by 50 years in just this piece and the comments, bob.

  47. jtfsoon

    As i say, the more he defends himself the deeper a hole he digs. this is one of the most amusing threads on Unleashed for a long time.

  48. THR

    Bob’s actually correct about Judaism being passed on via the mother’s line.

  49. JC

    I know, THR. I’m just messing around.

    I hope this gets through.

    “The bisexuality is relevant because it was thought at the time that Kerr’s wife taunted him, saying that ‘a true man’ would sack Whitlam and a ‘weakling’ would not. ……………..and his choiceless anguish when dudding his old friend.”

    Are you actually suggesting he had sex with Whitlam? Is that what you’re saying by stating “dudding his old friend? You can’t possibly know if Kerr and Whitlam were having a liaison/tryst of some sort, or do you?

  50. ken nielsen

    Yes THR a bit like a stopped clock being right twice a day.
    Can you find another?
    I wish he’d stop…

  51. Michael Fisk

    Gaddafi has basically declared war on Switzerland.

    http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/gaddafi_calls_for_jihad/

    The Swiss should take him at his word and bomb Libya to smithereens.

  52. ken n

    Has anyone noticed this on the ABC website?
    http://www.abc.net.au/news/investigations/contact.htm
    “The ABC News Online Investigative Unit encourages whistleblowers, and others with access to information they believe should be revealed for the public good, to contact us.”

    Should a publicly owned organisation be inducing breach of confidence?

  53. C.L.

    Yes, Fisk, they should. Libya has made a formal declaration of war and called for the murder of any Swiss citizens wherever they might be. That means Switzerland can and should bomb Libya to smithereens.

  54. dover_beach

    The Swiss should take him at his word and bomb Libya to smithereens.

    Or as Tal would say: Unleash the Christian elephants.

  55. dover_beach

    Here’s a little night reading for you Adrien:

    http://bedejournal.blogspot.com/2010/02/chilling-effect.html

    An excellent blog, BTW.

  56. This Chat Roulette is full on. You don’t even need to sign on or get an account. You just get a webcam click start.

    I’ll stay the hell away thanks.

  57. AJ

    Kadhafi has been calling for the destruction of Switzerland since before the minaret thing. He is still enraged because they had the nerve to arrest his drunken, psychopathic son, for assaulting a hotel bellhop.

  58. sdfc

    I know you’re going to scoff at this JC, CL, SRL etc, but I think the big test for the US economy is when the stimulus begins to dry up later this year.

    The Fed already looks to be tightening in a fashion (mainly by putting a break on QE, or credit easing as they prefer to call it. Treasury this week upped the value of bills it will issuing on behalf of the Fed to $200B. Thisl ooks like it might be a sterilisation operation given they have approximately $200B in MBS yet to buy.

  59. JC

    I’m with Goldman, SDFC. I don’t think they tighten rates till 2012.

    They will withdraw liquidity but not raise rates.

    The Birdian conspiracy theorist in me thinks they hoodwinked the market last week by raising the discount rate in an attempt to divert money into the bond market as they knew they could get away with it pretending they’re vigilant, doing nothing and putting a bid into the bondmarket all at the same time.

    The fed has two objectives to meet which are price stability and full employment. I don’t think they’ll move before they see hiring really showing some muscle.

  60. JC

    Now back to out discussion from the other day when you rudely interrupted me with that comment over at Lambert’s Phil posted on your behalf and unkown to you which the little fucker (shiny) hasn’t removed totally except for the sexual references (and is now marking it as anon to get back at me. :-)

    All that aside.

    You made what I thought was a silly comment about the drop in the exchange rate being inflationary.

    I can’t see how a sudden dump in the exchange should be thought of as inflationary when in that instance it dropped because of a sudden , serious looking deflationary shock and liquidity shortage.

  61. “I know you’re going to scoff at this JC, CL, SRL etc, but I think the big test for the US economy is when the stimulus begins to dry up later this year.”

    No you’re correct. This is when the true effects of the stimulus are seen.

  62. ken n

    “I know you’re going to scoff at this JC, CL, SRL etc, ”

    See, they did agree with you sdfc – don’t be so lacking in confidence.

  63. The drop can have the same cause as inflation, or be caused by inflation. The price effect of NX is a third order issue and dominated by the BOP and inflation itself.

  64. sdfc

    I only said that because you p’d me off, however a sustained drop in the exchange rate is inflationary, it is one of the beauties of a floating exchange rate, in that it poromotes price stability. I don’t know anyone who thought the Aussie was going to 30c and I don’t know anyone who thought we were heading for deflation. As far as I’m concerned we are still a high inflation economy, with inflation only contained during the boom by, disnflation out of China and a stron Aussie.

    My one concern in that direction was whether a sharp rise in unemployment put pressure on household and by extension bank balance sheets.

    The liquidity shortage was due to global factors, our banking sector remained solid thanks to RBA action to increase liquidity and the bank guarantee enabling ADI’s to raise funds on the wholesale funds at a reasonable price.

    I agree with what you say about the fed funds, I was referring to the withdrawal of liquidity, the first step in my opinion will be the end of the Fed’s MBS buying program at the end of March.

  65. sdfc

    May be that should be on the wholesale market.

  66. JC

    I don’t, Ken. There’s too much crap happening and I wouldn’t buy into another slowdown being the info we need to prove the stimulus worked.

    Leaving that aside unlike SDFC I think the effect of the stimulus is that it has a drag on future growth potential.

    In my mind the Demolitionists have basically inflicted a lower potential long term growth trajectory for the next 15 years which could be as high as 2%.

    if we work that out even see how much this costs the US.

    current US GDP size 15 Trillion.

    US growing at at average of (real) 3.75% impeded growth would result in US GDP of US$31.3 trillion after 20 years.

    US growing at 1.75 = $21 trillion after 20 years.

    The next affect of all this borrowing is the the US economy will be $10.3 trillion smaller than it would if it was unmolested by the headwind of debt. Growth rates over the long term really do matter.

    You always, always want the long-term growth arrow pointing up, not down.

    The US is fucked for the next 20 years.

  67. I’m worried about their debt ceiling. 14 trillion dollars. That is their Federal Government alone.

    This could really tank global growth.

  68. JC

    this is where I get off the inflation boat and on the deflation boat SDFC.

    If the currency fell at the time and there was no corresponding wage rise to make up for it we could of course resister an increase in CPI derived inflation. But it would have dis-inflationary type consequences in that our standard of living would fall too.

    This is why I have never understood how some economists, with the only exception being the Bear Sterns guys funnily enough saw oil price hikes as dis-inflationary.

    The reason was that energy costs would eat up a lot more of one’s wage that in used a therefore you’d have less for other spending. I think they were right, god bless them wherever they are.

    Who said the currency could go to 30 cents. there was a lot of trader talk at the worst of it and one house said that if there was was a sustained liquidity squeeze we could end up there.

  69. sdfc

    The United States of Japan JC, it’s a theme I present to clients as the biggest threat to the global economy over the next decade. I don’t think China will be up to the task until household consumption is a greater share of GDP. I don’t sheet this home to Obama however, the US has been living beyond its means for a long time. Their current account deficit is a let’s not foreget is a trade deficit. investment.

  70. JC

    ops sorry.. I should have proof read the 8.07

  71. JC

    Well I am putting the blame on Obama as he’s the fucking prez now and the buck stops with him.

    He wasn’t forced to take the job. He wanted it warts and all so he deserves all the blame for the next several years as he is too making it worse.

  72. “The United States of Japan JC, it’s a theme I present to clients as the biggest threat to the global economy over the next decade.”

    Perhaps you should add the United States of Europe as well. The trio have cannibalised global growth rates for at least a decade.

    The CAD isn’t an issue if you’re running a tight ship. I think it’s how finances and monetary policy have been handled that matter. We’ve basically had eight years of recklessness.

  73. JC

    The CAD isn’t an issue if you’re running a tight ship. I think it’s how finances and monetary policy have been handled that matter. We’ve basically had eight years of recklessness.

    Yep.

  74. sdfc

    Central banks will accomodate a fall in real spending every time. Domestically the higher Aussie dollar sterilised to some extent the increase in oil prices. That some point to the rise in the oil price as a driver of inflation I find rather strange. Fuel prices are part of the tradeables basket, tradeables were what held inflation down through the boom. Underlying inflation rose to about 4.5% during the oil price spike. Domestic demand was running at an inflationary level.

    SRL the US current account (trade) deficit was $700 to $800 billion a year at its height, that is unsustainable.

  75. sdfc

    That the CAD is not a problem is rubbish as far as I’m concerned, the concenting adults theory is nice in theory but fails to understand ongoing CAD’s build up liabilities. This is fine until the market decides it’s unsustainable, then you get a declining currency coupled with higher interest rates. A major difference between Japan and the US is that Japan is a capital exporter.

  76. sdfc

    Let’s try consenting adults.

  77. C.L.

    This must surely be the biggest act of (legalised) theft in Australian history. The ring-leaders ought to be jailed.

    It’s the type of thing lefties would have protested about once upon a time and then used, for a generation, as ammunition against The Man. Strangely, they’re totally, absolutely silent.

  78. sdfc

    Is the NRMA government owned CL?

  79. Peter Patton

    C.L.

    Agree with you totally on Fraser vs. David Smith. This biography really whiffs of Fraser wanting to recast he and his government far too far away from what actually happened. But Rule Number One. NEVER take on Sir David Smith on his home soil! ;)

  80. C.L.

    SDFC, there will always be a cyclical recovery – that is the nature of economics. Whenever Keynesianism fails, its proponents invariably wait around for that new dawn and then claim, post hoc ergo propter hoc, that it constitutes a lagged corollary of their spending spree. When – as in the Australian case – there was no striking downturn in the first place, they claim there was no delay but, rather, an immediate dividend from the stimulus that saved the day. It’s all voodoo – with smoke, mirrors and ideological exegesis. Moreover, economics doesn’t exist in a lab but in the dirty context of politics. Obama promised repeatedly that his stimulus would work wonders from the get-go. It didn’t and it hasn’t. His agenda is one of political economy and not merely of economic “science.” It has failed – both as political sales pitch and as amelioration for the systemic crisis of confidence perduring in American capitalism. This is reflected in Obama’s historically noteworthy fall from favour in his first year, the record-setting lack of confidence in the Democrat denizens of the Hill, the Scott Brown shock and the immovably hostile reception being afforded the health “reform” bill – which Pelosi yesterday sought to promote as a kind of jobs-creating son of stimulus.

    All the way down the line: FAIL.

  81. C.L.

    No, sdfc.

    You didn’t know?

    ?

  82. rog

    I imagine that CLs economic advice would be helpful to someone like Barnaby Joyce.

  83. sdfc

    CL, real GDP is a poor measure of Australian economic activity when there are big swings in the terms of trade, big falls in real gross domestic income have pretty much always been associated with large increases in unemployment, just as large rises have generally led to falling unemployment.

    As far as I know the only examples we have of a government sitting on its hands during a full blown financial crisis turned out to be a policy mistake.

    As for hte US health system, I know stuff all about it. However spending close to double what Australia does in terms of GDP and yet having what, $40M uncovered? doesn’t sound too efficient to me,

  84. JC

    I recall a time, not too long ago on another galaxy that you would agree with all of what CL said, Rog.

    What the hell happened to you?

  85. sdfc

    That reply doesn’t make any sense, it’s a double negative. Are you saying it’s a private firm? If that’s the case it’s a market price, or am I missing something?

    You’ll have to excuse me I’m from WA. Don’t forget how backward we are.

  86. sdfc

    Maybe Rog has changed his tune on the basis of available information.

  87. C.L.

    What happened to Rog? Well, it’s like this: he began sooking about Howard’s poll numbers in 2007 and expressing his hatred for Kevin Rudd. He was depressed about being on the side of two parties – the Liberals and the Republicans – whose turn at the healm was drawing to a close. Thereafter, the man who haunted Tim Blair’s blog – and often mine – trying (unsuccessfully) to get a laugh and raving on about how much he hated unions and lefties and greenies and Laborites and feminists suddenly decided to start persecuting those of us who don’t change our stripes on the basis of election results. He thought he’d skip a post-election thread-mauling from critics by changing his uniform and joining their side. Like all sell-outs, his new faux-comrades trust him even less than the people he now trolls against. He’s a snivelling intellectual coward.

    That’s about the size of it. Charles Johnson Syndrome.

  88. JC

    SSDFC:

    regarding the cad… I think you’re looking at the symptoms and immediately diagnosing pancreatic cancer instead of just a possible regular sore stomach.

    You need to look at the reasons for the CAD. It could a sign of monetary disequilibrium or is could be a healthy sign of a capital short country building up its capital stock.

    The US ran a current account deficit from most of the 19th century without much of a problem.

    Frankly I’d be a little worried about China running a current account surplus as it also may be a sign that capital is not receiving an adequate return there.

    It’s not the surplus of the deficit. It’s the underlying reasons why that need to be looked at.

  89. JC

    Naa, SDFC. Rog wouldn’t know what to do with new information. Rog isn’t bright enough to work things out like that. Don’t play that hand.

  90. C.L.

    Who said this, Barnaby Joyce?

    “I wish that all the beaches and all the waterways were private property, they would then achieve some value.”

    No, Rog did.

    I bags Bondi!

  91. sdfc

    The US CAD in the 19th century was likely to have overwhelmingly been an income deficit, given they were the China of their day in many ways . The deficit is a trade deficit, which to me sggests an economy living beyond its means.

  92. sdfc

    Seems to me the biggest problem you have with Rog is that he’s broken with the party line.

  93. JC

    Hey Rog,

    dude, a coupla years ago you wanted to privatize the Murray River and Bondi? As I keep asking, what the hell happened to you?

    Is someone getting to you?

  94. JC

    I think it’s hard to tell, SDFC. I don’t think we need to worry about the CAD as much as you need to worry about running an appropriate monetary policy.

    Frankly China’s trade surplus worries me even more as the exchange is fixed.

  95. C.L.

    Rog was trashing Malcolm Turnbull and stimulus spending on roads here at Catallaxy in 2009.

    He’s simply a despondent wuss who’ll turn on Labor whenever they too look like losing.

  96. JC

    Seems to me the biggest problem you have with Rog is that he’s broken with the party line.

    No not at all. We all can change. I have no issue with that at all. The problem with Rog is that he’s now a militant leftie concern troll. He attacks people who have the same ideas he had and gets pretty aggressive about it.

    It was like he left the site on Sunday night as a right winger and woke up Monday morning as a hardened leftwinger.

    I think if you change you should probably not attack those who once had your ideas last wek and pretend you never shared them.. not even with an explanation as to why.

    Also he isn’t too bright. So being aggressive and not too bright is not a great combo.

  97. JC

    And he’s a wuss of course.

  98. JC

    Hey, Rog.

    Tell Uncle SDFC what you said about Exxon the other day. Go on. Tell him how you said they were making $477 billion a year.

  99. sdfc

    I agree JC both contribute to the imbalance of payments. China’s exchange rate policy not only contributes to these imbalances but robs Chinese households of purchasing power.

  100. Michael Fisk

    Obama at the Health Summit – makin’ it up as he goes along:

    http://www.powerlineblog.com/archives/2010/02/025686.php

  101. rog

    Here is financial guru JC putting a bob each way

    I’ve mostly got paired trades on where I am short one stock and long another as I don’t really trust the market

    A dartboard would give a better result.

  102. C.L.

    Thought for the day:

    “It is quite possible to admire an animal before and whilst it is being killed. In fact, in a perfect world that is how it should be.”

    - Militantly pro-whaling Rog suggests the whale-watching and whale slaughtering industries should join forces, July 6, 2006,

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